Market Pulse: Quest Software to buy Imceda Software for $61M

"Quest Software said Tuesday evening that it has agreed to purchase privately held Imceda Software for $61 million in cash and stock. Irvine, Calif.-based Quest expects the deal to close in the second quarter. Quest sees the acquisition being neutral to its earnings per share within the first 12 months of closing, and adding to its earnings after that time period. The deal will move Quest into the database backup and recovery and security auditing markets, the company said."

[Yahoo]

Imceda has raised $9M in VC funding from Insight VP. More info on the deal here